BlackRock Founder Joins Soros

Jan 15 2008 | 2:24pm ET

BlackRock co-founder Keith Anderson has joined Soros Fund Management as chief investment officer. Anderson, who left BlackRock last month, replaces firm founder George Soros’ son, Robert, in the post. He starts next month.

“Keith will assume responsibility for managing all investment activities at Soros Fund Management,” Robert and Jonathan Soros, the deputy chairmen of the firm, wrote to investors.

Robert Soros continues to manage money at his father’s firm. SFM’s $17 billion Quantum Endowment Fund enjoyed a 32% return last year after George Soros returned to a more active role in the fund’s investments.

At BlackRock, Anderson was head of global fixed income and managed the firm’s fixed-income hedge fund, Obsidian.

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